Finance

April 27, 2022

Influence of the Federal Reserve on Interest Rates

The Federal Reserve is in charge of the country's monetary policy. A key part of its task is adjusting the federal funds rate, the short-term interest rate banks charge one another to lend funds overn...

Financial Terms

February 18, 2020

Bank Deposits

What is Bank Deposits?DefinitionBank deposit refers to the money an account holder keeps (deposits) in the bank for safekeeping to be accessed at a later date. The account holder has full rights to ac...